Building Details

Building Size 1,731 SF

Listing Agency: E Realty International Corp s***@hotmail.com Show Phone

Listed By: Fenger Zou · License #10401313262 Show Phone

Source: Croninreale

Added: Jul 22 Changed: Oct 23 Last Checked: Oct 23 at 3:20PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of E Realty International Corp

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,731-square-foot ground-floor commercial unit at 14627 Beech Ave #1B is offered for sale. Potential applications identified for the space include daycare, a medical clinic, rehabilitation, tutoring, dance instruction, office, showroom, creative work, and e-commerce operations. The stated cap rate range is 5.1%–6%. The unit may suit an investor or an owner-occupant.

The property is within walking distance of downtown Flushing, near the 7 train, and convenient to Chinese and American supermarkets.

Key Highlights

• 1,731‑square‑foot ground‑floor commercial unit
• Stated cap rate range of 5.1%–6%
• Within walking distance of downtown Flushing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,991

Cap Rate

4.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,139,820 $1.1M

Cap Rate 7%

$814,157 $814.2K

Cap Rate 9%

$633,233 $633.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,731 SF

Gross rent

$87.2K $50.40/SF

− Vacancy

−$11.3K −$6.50/SF

EGI

$76.0K $43.90/SF

− OpEx

−$19.0K −$10.97/SF

NOI

$57.0K $32.92/SF

Area

Queens County, NY

Vacancy

12.90%

Lease Rate

$50.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,139,820

Cap Rate 7%

$814,157

Cap Rate 9%

$633,233

Alternative Uses

Best Use

Office B

$814.2K

$712.4K – $949.9K (±1% cap)

NOI $56,991 @ 7.0% cap · market cap 4.16%

Second Best

Healthcare Medical

$570.2K

$498.9K – $665.2K (±1% cap)

NOI $39,913 @ 7.0% cap · market cap 2.91%

Theoretical Best

Office A

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,328 @ 7.0% cap · market cap 6.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Day care centers

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Catering Service Restaurant Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,001

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 11355, NY

89,465

Population

32,049

Households

2.8

Avg Household Size

44

Median Age

24%

College-Educated

70%

High-School Grad

1.7 sq mi

ZIP Area

52,626

Density / Sq Mi

$53,700

Median Household Income

$31,166

Median Earnings

$1,664

Median Rent

$711,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Similar Off Market Nearby

• The Child Center of NY @ I.S. 237 SONYC Afterschool — 46-21 Colden St, Queens, NY 11355
• Little All Stars Day Care — 143-40 Quince Ave, Queens, NY 11355
• Red Sun Children Development, Inc. — 137-35 Elder Ave, Queens, NY 11355
• Little Lollipop Daycare — 140-15 Holly Ave, Queens, NY 11355
• Elim School (엘림유치원) — 157-15 Oak Ave, Queens, NY 11355

Frequently Asked Questions

What type of property is this?

Day care center - The flexible-use space is suitable for educational, medical, creative, and office functions.

Where is this day care center located?

The property is located at 14627 Beech Ave #1B Flushing, NY.

What is the asking price?

The asking price for this property is $1,370,000.

What are key features of this property?

This property features: 1,731‑square‑foot ground‑floor commercial unit; Stated cap rate range of 5.1%–6%; Within walking distance of downtown Flushing